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LHE TUUWI HUHTIOLUTT Oppies tv ure queana piatu verUW The plant assets section of the...

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Accounting

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LHE TUUWI HUHTIOLUTT Oppies tv ure queana piatu verUW The plant assets section of the comparative balance sheets of Anders Company is reported below. 2018 ANDERS COMPANY Comparative Balance Sheets 2019 Plant assets Equipment $ 185,000 Accumulated depreciation Equipment (102,000) Equipment, net $ 83,000 Buildings $385,000 Accumulated depreciation-Buildings 103,000) Buildings, net $ 282,000 $ 275,000 (212,000) $ 63,000 $ 405,000 (288,000) $ 117,000 QS 12-10 Computing investing cash flows LO P3 During 2019, equipment with a book value of $41,000 and an original cost of $215,000 was sold at a loss of $3,200. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2019? 3. What was the cost of new equipment purchased by Anders during 2019? 1 $ 83,000 2 Cash received from the sale of equipment Depreciation expenso Purchase of equipment

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